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Retail

Leading shareholder in Saks owner Hudson’s Bay Co. ups bid as tussle for control intensifies

December 2, 2019

Saks Fifth Avenue New York holiday 2019 light show rendering. Image courtesy of Saks Fifth Avenue Saks Fifth Avenue New York holiday 2019 light show rendering. Image courtesy of Saks Fifth Avenue

 

By Staff reports

Saks Fifth Avenue owner Hudson’s Bay Company confirmed it has received an unsolicited offer from one of its largest shareholders to acquire the holding company for $11 (Canadian) a share.

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  1. Luxury Unfiltered: Why traditional management is killing luxury as an asset class
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  3. Men spend more on luxury, but shop the same amount as women: report
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  5. Porsche Technology Apprentice Program graduates 100th class
  6. Monogram partners with chef, television personality Maneet Chauhan
  7. ‘Getting Closer’ campaign from Boucheron links romance with responsibility
  8. Luxury Unfiltered: Why halo strategies from legacy brands need attention
  9. 'Clash de Cartier' campaign explores dichotomy of dressing
  10. Tariffs and their effect on luxury goods: Even the ‘de minimis‘ exemption is no more
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